Given that electricity exports were significantly higher than imports in physical terms, and in value terms in 2023, Romania was in surplus. Not in terms of price per MWh, where the export price was lower than the import price. The value of Romania’s electricity exports in 2023 was 1.23 billion euros, according to the data communicated by the National Institute of Statistics at our request. In 2023, the value of Romania’s electricity imports will reach almost 1.19 billion euros, according to the same source. Both dates are provisional. From electricity trade, Romania’s balance was positive last year, the country having a surplus of 47 million euros against the background of the situation, already known to be a net exporter of electricity in terms of physical volumes. Last year, from a commercial point of view, we exported the most to Bulgaria, 482 million euros, and then to Hungary (406 million) and Serbia (294 million). From the point of view of imports, we paid the most to Serbia (507 million euros) and then to Hungary (334 million euros) and to Bulgaria (309 million). Romania exports electricity during off-peak hours, when it is cheap, and imports during peak consumption hours, when it is expensive. So, for physical exports of 11.63 TWh (INS data differ significantly from those of Transelectrica, which show the physical flows on the interconnection lines) 1.235 billion euros were collected, so, on average, for one MWh exported, Romanian producers they received 106 euros/MWh. Physical imports were, according to the INS, 8.61 TWh, their value being 1.187 billion euros. So, on average, we paid for each imported MWh, almost 138 euros. Therefore, the price for an imported MWh was 30% higher than for an exported MWh, in the year 2023, so even in the situation where we were net exporters of electricity in terms of volumes and, overall, also in terms of from a monetary point of view, the country was in surplus in 2023, the price per MWh is lower for export than for import.
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s annulled presidential elections, officially submitted his candidacy for the repeat presidential election on Friday, March 7. Outside the Central Electoral Bureau (BEC) headquarters in Bucharest, supporters gathered to chant...
Romania’s anti-fraud agency ANAF will look into roughly 23,000 individuals who have earned income from renting properties for tourism purposes through online platforms such as Booking.com and Airbnb, according to finance minister Tanczos Barna. Individuals identified in this situation will receive compliance notifications, and anti-fraud inspectors will initiate audits where necessary. While obtaining such information […]
The Circular Catalysts program, an initiative of the British Council in partnership with the Romanian Cultural Institute, is making a return to Romania with the reopening of its documentary exhibition at the Museum of History and Ethnography in Târgu-Neamț. Running from March 7 to May 11, the exhibition showcases collaborations between Romanian and British designers, […]
Bucharest general mayor Nicușor Dan submitted his candidacy for the 2025 presidential elections on Friday, March 7, the first to do so among the announced candidates. He is running as an independent, and was assisted by volunteers to gather the necessary signatures. The 2025 presidential elections will take place on May 4 (first round) and […]
Brașov city officials are considering a proposal from a German company that aims to set up a Treetop Walk in the up-and-coming mountain city. It would be the first of its kind in Romania. The company's representatives made a first presentation of the concept on Thursday, March 6. The initiative aims to develop sustainable tourism […]
Romania is making progress year by year in reducing gender inequalities in the labor market. However, the wage gap remains over 20% in 2024, according to the "Gender Pay Gap" analysis conducted by PwC Romania based on data collected from the Paywell 2024 survey. The gap is calculated as the ratio between the average salary […]
